Aeroponics Market by Application Type (Indoor Farming and Outdoor Farming) and Component (Irrigation Component, Sensor, Lighting, Climate Control and Building Component) Competitive Market Share & Forecast, 2020 - 2027

Aeroponics Market Overview

Global Aeroponics Market was valued at $635.2 million in 2019 and is expected to reach $4.3 billion by 2027, registering a CAGR of 31.1 % from 2020 to 2027.

Aeroponics is simply gardening but of a different type, it is the most efficient way of Vertical Farming. Aeroponics is an indoor gardening practice in which plants are grown and nourished by suspending their roots in the air. It is done without soil. The roots are given proper oxygen, nutrients, and water. Aeroponics is practised mostly in urban environment. Artificial environment is created using technology which helps the plants to grow in short period of and grow with proper nourishment. Aeroponics is an effective way to grow plants and it requires less time, less water, and less space compared to traditional farming. The growth of plants depends upon technologies such as climate control, air purification, lighting system, and others.

Market Snapshot:

The Aeroponics Market is increasing the growth in the market because it is less expensive than traditional methods or to any other method of farming. Aeroponics system also requires less space as compared to other systems. The main factors driving Aeroponics Market is high quality of food and plants and low environment impact. In Aeroponics there is no use of pesticides therefore it is zero harmful production Aeroponics require a lot of experience and technical knowledge. It also requires a hydroponic garden and a lot of time. Without proper knowledge, there can be wrong production. Because of such factors, there can be a decrease in the growth of the market. Aeroponics demand is expected to grow rapidly during the forecast period because of the rise in organic food, limited land for agriculture, no use of pesticides, and diseases less environment in agriculture. The technology helps to keep a watch on the production which helps to drive the market.

Segment Insight:

The Aeroponics Market is segmented based on Application Type such as Indoor Farming and Outdoor Farming. It is further classified into Component Types such as Irrigation Component, Sensor, Lighting, Climate Control and Building Component.

By Application Type insight:

The Aeroponics Market is segmented into two types of Indoor Farming and Outdoor Farming. The segment of indoor farming accounted for the largest share of the market in 2019. The large part of this segment can be attributed to increased government support and increased investment by the company.

By Component Type Insight:

The Aeroponics Components are segmented into Irrigation Components, Sensors, Lighting, Climate Control and Building Component. The segment of the lighting and irrigation component accounted for the largest share in the market. The large part of this segment can be attributed to increasing government support and increased investment by the company.

Major Key Players of Global Aeroponics Market:

The report provides a comprehensive analysis of the Key Players operating in the Global Aeroponics Market, such as Aerofarms, Aeroponics ( AERO development corporation), Altus farms, Ponics technology, Comba group SA. Most of the key players in the Aeroponics Market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Aeroponics Market Key Segments:

By Application Type

• Indoor farming
• Outdoor farming

By Component Type

• Irrigation component
• Sensor
• Lighting
• Climate control
• Building component
• Others

By Region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Argentina
  • Turkey
  • South Africa
  • Rest of LAMEA